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Nov 4, 2013 10:30am PST
through the angel funding and start of box. that's an amazing contribution to the economy of san francisco. so start ups are starting to change. doug and i are going to make you guys be as successful as you can and have free food all right. >> everyone. thank you. my name is carl i'm the president of the silicon leadership groufrp we're happy you joined us for a town hall with mayor ed lee with the obama administration on the action on immigration founded here just a few blocks away. that what matters is we have a mare that understands the issues a nearest and dear it to us and that's immigration reform. since it's inception we've gotten over 20 visas alone and the feeling is we have a shortage on green talent when we need to go through the steps we need to go through and for the tech community we're focused on opening up our technical school to the global community. we're in a talent war along with a state war on services gov. and anything we can help to create change here means so much to us. we have the mayor who can creative impact so we stand behind mayor ed lee and we're thrilled he
Oct 28, 2013 7:30am EDT
economy and population is growing rapidly. so is the amount of trash and that's creating a problem. this is the only disposal site in the city. 1,500 tons of garbage is dumped at the site every day. at this rate, the site will be full in a few years. as the city searches for ways to handle all of the trash, a waste recycling company from kitakyushu city in western japan has started operating here in march. workers efficiently sort recyclable waste. like plastic and metal and items for composting. as a result the amount of garbage dumped has dropped by 50%. new jobs have been created as well. this man is a sales representative for the recycling company. he says the indonesian waste and recycling market offers great business opportunities. >> reporter: all waste used to be buried at the site. in japan, a lot of it would have been recycled. now the recycling gets done and locals earn money. there are many business opportunities here. >> reporter: the kitakyushu city government also supports the company's expansion into surabaya. for ten years the japanese city has also advised surabay
Oct 30, 2013 4:00am EDT
to the spanish economy. the result of the policy complemented by the spanish prime minister who implemented some structural reforms, including some deep reforms of the labor market. these made spain more competitive and helped to sell its production outside the country. this is the most important and most positive signal for the spanish economy. on the other hand, the internal demand remains weak and ma may be because of the extremely high -- in spain. consumer sentiment has been falling for three years. it seems to be let me thinked to some technical ek because last year in september there was a vat and that's the reason why the comparison basis was favorable. but the internal demand remains very weak. it will remain very weak according to a private economist. the imf believes the unemployment rate will remain about 25% in the next four years in spain. pel be filling spain with various cargo areas. stay with us. >> stephane, thank you so much for that. let's continue our check of the markets across europe. the dax in germany is up by 0.3%. still above that 9,000 level. it is seeing record high
Oct 30, 2013 5:00am EDT
quarter gdp marks the first time the economy has grown for a while. >>> all right. the fed wraps up its two-day meeting this afternoon. central banks announced last month that it wouldn't start tapering purchases just yet. the move comes amid concerns about the budget fight in washington. senator paul wants to hold up janet yellen's nomination. he also wants a bill on transparency. very good morning to you. we're seeing ten-year treasury fall down to around this 2.5% level where we stand at the moment. expectations now for tapering starting in march next year. will yields stay where they were? is there any chance of them going low? >> i think if it becomes apparent tapering won't commence until march, treasury yields could fall a bit further, maybe as low as 2.25%. but with that threat of tapering in the background, it's unlikely they'll fall back to the previous lows we saw in the in the middle of the la year. >> what is the chance that there may be some minutes out saying, look, there is still an argument for a december move? is there any price of that in the market? if there was, wha
Oct 30, 2013 7:00pm EDT
found in earlier ones in threats to the economy and many saw this as a sign the fed thinks the economy is strengthening and might end qe sooner rather than later. larry, back to you. >> mary, why do you know more about this than i do? so facebook reports pretty good earnings and the stock jumps up big, but then the stock goes back down. is that just thin trading after hours or what? >> i think some people maybe were disappointed that the earnings weren't stronger than expected at that point. as you said, they both beat on the revenue as well as the earnings side, but there seemed to be some disappointment after hours and people were looking back and saying it wasn't the blockbuster report they were expecting. >> mary thompson, thanks very, very much. now let's talk to andrew bush, author and publisher of the bush update. peter schiff joins us, the ceo of euro pacific capital. you know, i understand that they moved some things from the -- from the statement today, but i just have a totally -- i'm going to you, peter. i read "the new york times" sunday with this big story about the fed s
Nov 3, 2013 2:00am EST
in america. it speaks to my top priority as president, growing our economy, creating good jobs, strengthening security and opportunity for the middle class. over the past three and a half years, our businesses have created over 7.5 million new jobs. this week, the treasury confirmed that since i took office we have cut our deficit by more than half. but we have more work to do. we need to grow and create more good jobs faster. that is my driving focus, and i will go anywhere and do anything to make it happen. that has to be washington's driving focus as well. i know what you often hear out of washington can sadly charley brown's teacher, a jumble of unfocused noise out of touch with the things you care about. today i want to cut through that noise and talk plainly about what we should do right now to keep growing this economy and creating new jobs. it begins by ending what has done more than anything else to undermine our economy over the past few years, the constant cycle of manufactured crises and self-inflicted wounds. i was glad to hear the republican leaders in the senate say they will n
FOX Business
Oct 28, 2013 8:00pm EDT
on the othetallorder. the obamacare economy, that is where you have to look to see where are obama's numbers come november 2014, right now they are in low 40s, for the house to flip, i think he has to get over 50, as far as democrats, if he is in low 40s or dips to mid to high 30s, then republicans will be feeling very good. about winning back the senate in 2014. neil: all right, to be continued. folks thank you very much. >> thank you, neil. neil: i know we just got over one debacle, but we're 79 days away from another one, the last shut down is supposedly killing the economy. is that over stating it? why. that used as a reason for not really addressing spending? we're spent. this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. this is the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase,
FOX Business
Oct 30, 2013 3:00pm EDT
today was basically they said we thought the government shutdown would hit the economy a lot harder than it looks like it has. the stock market is not only going to new all-time highs, 80 pieces we have 130,000 jobs. in october during the shutdown, private sector jobs were created. initial claims went up, but they didn't go up all that much. the feds every thought it it would get it a lot harder than it did. it doesn't look like it was, so we can't take tapering off the table. so i still believe the fed wants to taper before ben bernanke is gone. whether they get a chance to do that, i am not sure. but i think he to start it so that he can always say that he did. he put his foot on the gas, and he took it off. he doesn't want to go away with his foot on the gas the whole time as fed chairman. liz: he began it, he wants to end it. tell us what you thought of the treasury relations. a lot of people own treasuries, a lot of people are watching right now. we watched the yields start to move from 2.48 to about 2.51. we saw the price of treasuries come down. what does this say about the overal
FOX Business
Oct 30, 2013 4:00pm EDT
the bad economic news, the economy is not growing fast enough. in fact the fed was saying there is risk on the downside but not as much as the market was hoping for because they want money printing to continue. as a result of all these things, the market is down. dow jones industrials trading down. 64 points to the downside. zip 500 is down 8.6. a little more percentage wise. nasdaq more than that percentage wise. the ones hit the most were small and mid-sized caps represented by russell 2000. that index is down 1.3%. liz: time now for your front page headlines. federal reserve policy-makers announced they are maintaining the pace of bond buying program known as qe. they did not give any clear hints when they could begin tapering but "the wall street journal"'s jon hilsenrath immediately reporting that a december taper is not off the table. david: he knows what he is talking about. the adp report, the jobs report for october disappointed investors. adp saying customers hired 130,000 new workers. that is the newest in six months. economists and forecast expected an increase of 150,000 jo
FOX Business
Oct 31, 2013 8:00pm EDT
at the problem with our economy, right now. we have a articlefitial economy -- artificial economy it is important to get to the bottom of what is happening with the federal reserve. we cannot continue to print money to buy up our own debt. our government spending 25% of our gross domestic products. neil: here is where i disagree with you, i think, they are apples and oranges, janet gel en yellen is going to be running the federal reserve. but, that is nothing to do with benghazi. i think that it hurts republicans to use her nomination hearings as leverage to get answers on something else. you are right to be frustrated by the lack of response you are getting from the white house on benghazi. i don't believe that the yellen confirmation hearings are the venue. >> but neil, what is going to work with this administration, we have a president that lied to the american lead, even after he knew it was a terrorist attack. neil: fine, fine, you might agree with the route that the ted cruz and others took to shut down the government, and bridge to us the debt ceiling brink as many democrats argue. but do
FOX Business
Nov 4, 2013 7:00pm EST
scare -- reform, in health care speech in texas, and talking about the economy on friday. in case anyone thought we were falling for that pivot thing, issue is, and remains obamacare. and the administration's ina bum to manage it or seemingly much of anything else, the know-nothing administration claims ignorance on the technology problems. your doctor too. obamacare joining a long list of administration scandals that are far from phony, of which president claims no awareness from "fast and furious," to 200 dead mexican citizens and one border patrol age brian terry to 4 dead americans in benghazi, to irs targets of conservatives, nsa spying justice department of journalists, now more than a month after its launch, obamacare train wreck has torn asunder the administration's diminishing credibility, fox news chief white house correspondent ed henry with the report. >> reporter: another week kicks off with new questions about the white house's credibility about the botched roll out of probe's healthy care law, as a former tom aid acknowledged there was a disagreement in the white house ove
Oct 30, 2013 12:30pm PDT
the collapsing economy of india, which compelled him to write a letter to the prime minister and the governor of the reserve bank of india about the hidden treasure. >> and a startling revelation, angry citizens exposed that militants had taken refuge in the region, not only promoting violence but also involved in raids. what is shocking is the fact that these militants are protected by government. >> people of pakistan-occupied kashmir are enraged over the growing terrorist activities in the region, bearing the brunt of terrorism for decades. the common man here has finally decided to take the authorities had on. agitators claim that militants who ran away from various prisons of pakistan have been taking refuge here and are responsible for the growing specter of militancy. what is more shocking is that the state is hosting the militants. in startling revelations, locals say that not only pakistan-based but foreign militants are also taking asylum in pakistan- occupied kashmir. there are fears that al qaeda and taliban militants have set up training camps here. with just a few months before
Oct 31, 2013 2:00pm PDT
of americans hungry, and potentially do some serious damage to our economy. economists have found out that, and projected that every dollar of s.n.a.p. spending generates $1.70 in the local economy and the economic activity in america. this will hurt the revenue of 250,000 grocery stores and supermarkets across the country that accept s.n.a.p. payments. it's a domino effect. once again, house republicans don't care about small businessowners, either. there's a lot of small grocers out there that certainly work with the food stamp program. and you know what? this is a scandal. no, it's not the irs. it's not benghazi. and it's not people losing their health care with these notices that are coming in. this is the scandal. this is the most kicking the least right in the teeth for no reason at all other than unmitigated greed. go back to ted kennedy on the senate floor in 2007. when does the greed stop? i'll answer you tonight. never. they are concerned. these people of faith are concerned about people who make less than $15,000 a year. they're the problem. they're able bodied, they're fat, sit
Al Jazeera America
Oct 28, 2013 7:00pm EDT
down, hitting the entire economy. second, robust home sales with increase demand in the larger economy. housing has these tent identicals that go far beyond housing, carpentry, lumber, furnishings, pickup truck sales to contractors. moving in a new home comes with additional spend on the ground home improvement, big tickest purchases, furniture, applieses. housing over the last year has helped to boost sales at building and garden reply. by 7.6%. that's just an example. most homes told in this country are used homes, exit are homes as we call them. a small percentages of new homes, new home construction creates a lot of jobs, in september we saw 20,000 construction jobs add today the economy in an otherwise disappointing employment report. a drop in pending home sales could reverse the gauges. of the 9 million jobs lost in the last reception, more than a million of them were in-housing and scan instruction alone. so whether or not you are about to buy or sale a home right now. coming slow down in america's housing market should concern you. but right now, by the way, you have enough to
Al Jazeera America
Oct 31, 2013 5:30am EDT
discussing what it's going to do about this economy. for now the fed plans to stay the course continue pumping $85 billion a month into the financial system and that has the affect of keeping interest rates down. the fed says it's too early to taper that stimulus in part because the government shutdown set us back a bit but they still cite a week jobs picture. >>> 10,000 private sector jobs were added in october. that's not the monthly government jobs report. we'll get one of those on november 8th. this is from the payroll firm adp but it's generally seen as a predictor of what the government number will say especially since the vast majority of jobs created these days are in in fact, in the private sector. 130,000 is well below the average for the last 12 months. how does this connect back to the fed? lower interest rates were meant to encourage lending making money cheap to borrow. that's supposed to help firms expand and increase their hiring, make people spend more but companies aren't doing that at the speed that the fed would go like. and low interest rates do come with one poten
FOX News
Nov 2, 2013 8:00am PDT
care market, 1/6 of our economy, we will have nowhere else to go. >> we have the government fails, they'll just get more money to fail even more. and you know, getting back to rick's point about, he's talking about catastrophic needs for health care. >> exactly. >> that's what the market can fix very easily in terms of cancer and heart disease. we could buy catastrophic insurance very easily and very inexpensive precisely because it's far more rare. you've got to let the markets in. what rick is doing and it's very naive is going to remove that market force from -- and it's going to make it very more expensive and very more difficult for people to get it when they most need it. >> rick? >> let me tell you what's naive, john. i can respond to each one of your arguments if i had the time by our friend david here told us about his knee surgery and how you can go about shopping for them online. you tell me, david, look me in the camera there and tell me you would have picked your knee surgeon based on price. you wouldn't have. you would not have priced. you would have shopped for the best.
Nov 1, 2013 10:00am PDT
expectations that the korean economy is on the path to gradual recovery. korea's rising exports will boost domestic demand and the number of jobs which will contribute to the train economy's recovery in the fourth quarter the central bank said last week that any economy grew three point three percent in the third quarter of this year from a year earlier the fastest pace of expansion in nearly two years. despite the rosy outlook retreat ministry cited in the west. i could stand offs and the fence and tapering of its bomb buying stimulus program has major uncertainties that could have a negative impact on the nation's exports. did you use. sale as economic news korea's consumer prices grew at their slowest pace in fourteen years in october saying his ear percent range for a second straight month statistics korea said friday that the nation's inflation rate edged up just zero point seven percent last month from the same period a year earlier slowing from a zero point eight percent gain in september. the figure marks the slowest yearly growth since july nineteen ninety nine when consumer price
Nov 4, 2013 7:00am PST
by two thousand fourteen. janet and justin ski the polish minister of economy said a meeting of the cars and published in a governmental commission on economic cooperation. be sure that cause extend joining the wto will create favorable conditions for the increasing trade volume in investments last year trade volume between poland has extended reach two point one billion us dollars. the two countries but for the belt cooperation mechanic went in during our industry defence and mining industries as well as transport and logistics because a delegation presented the programme of preparation for expo two thousand seventeen during the meeting. the line extending trade turnover in investments was signed at the end of the meeting the parties also expressed a willingness to sign in a governmental or even on cooperation in the field of education standardization in veterinary medicine. expo two thousand seventeen is proof of the fact that colin treats context and as a leading country. i want to remind you that context and was elected as one of my priority countries poland expo two thousand sevente
Nov 4, 2013 4:00am PST
right now. last week's data pointed to a slowing down of the economy and this week since we don't have a lot of data one of the most important things of course will be the jobs number but on monday were going to have factory orders and this actually shows how the economy could be performing into the future so people might want to take a look at that, and if people are ordering more durable goods say refrigerators and stoves for their houses that means people are spending more money which increases our economic growth. so it's very hard to determine what people should be watching without a lot of reports coming out this week. but i would say really watch for those factory orders because it gives us a picture into the future. > > what about going long this market? what sectors or industries which to invest in right now or consider? > > it's so strange because with the economic data last week, the s&p made new highs and everyone was kind of sitting there saying i wonder why this would be were waiting for the fed to come out talk about tapering still. we're waiting to see if they're going
Nov 4, 2013 2:00pm PST
in a new economy whose major product is intellectual property? monopolies -who's in control? with the help of our economic analyst richard gill, we'll find out on this edition of "economics usa." i'm david schoumacher. we like to think of our economy as one that runs on competition. for instance, we can choose the brand ofasoline weuy. if one station sets its prices too high, thene can simply go across thet if one station for a lower price.o high, if enough drivers pass the high-price station by, sooner or later it goes out of business. of course, if in order to attract business a station sets its prices too low and can't cover costs, sooner or later it'll go out of business, too. but what happens to prices if one company, or one person, controls all the gas stations? that was what the country faced in 1890. the company was standard oil -- the man was john d. rockefeller. this was the infant oil industry john d. rockefeller saw after the civil war. drilling equipment was hand- and foot-operated in those days and available cheap. anybodcould join the o rh, and anybody did. with thousands o
Nov 1, 2013 7:30pm PDT
to the fundamentals. is the economy working? are jobs being created? and the answer is no. and people are still angry about that. but where all of these issues get tied together is i think that most wonderful question is the federal government part of the problem or part of the solution? people are looking at washington, and they're seeing a government shutdown. a problem for the economy, drags consumer confidence down, slows the economy. government created the problem, right? health care website. who created that problem? n.s.a.'s spying. who created that problem? so these are all problems that the federal government seems to be creating and not solving. and that is what's pulling everybody down. >> doyle, if we could rewind you a bit here. you said the lesson here is that if the government shuts down, everybody's numbers go down. we have the possibility of this happening again in the next couple of months. did they learn this lesson? do these poll numbers make any difference? >> i think -- certainly the leadership of congress and -- let's be precise. it's the house republicans we're talking about.
Nov 2, 2013 12:00am EDT
. it is that kind of openness that drives american economy and foreign economies and moves all of us forward at the same time. needless to say, we have our own interest here. it is no secret that our president's number one by yorty -- priority is creating strong middle class jobs here at home. he also knows that the best way to do that is to strengthen our international ties and foster broad growth around the world. we know that demoting inclusive inclusive growth and strengthening the rule of law and other countries also helps us to create new markets for our businesses and jobs for workers. when we help other nations to develop their own ability to govern and meet the aspirations of the booming population, we foster stable societies and everybody here knows stability is pretty important with respect to investment decisions and prognosis. we do what we do because we have always known that we are all in this together. we are all connected in this. that is another reason why the united states the believe is the best place to invest. no other country where you can be confident that your invest
Nov 1, 2013 1:00am EDT
gdp compared to other advanced economies. our code is also full of special interest tax breaks and loopholes while hurting others that are investing in the united states. we can do better. and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs
Oct 29, 2013 4:00pm EDT
by goldman sachs ceo lloyd blankfein. we'll talk economy, banking reform, regulations and companies he sees breaking new ground, including twitter. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big
Oct 30, 2013 10:00am EDT
-term solution to our deficits that is balanced and restores certainty to our economy. what we do not need is more gimmicks and partisan games. like we will have today, frankly. we are going to have a vote on the resolution, which is disapproving of the raising of the debt limit. everybody knows that's not a real vote, and almost everybody on this floor knows that if we pursued that policy it would be damaging to america, to the military that was just brought up, and to our nation and every republican leader has said that not increasing the debt limit is an alternative that ought to be pursued. yet, we have this vote. that resolution has already been rejected by the senate and stands no chance of surviving a presidential veto. it is, frankly, simply political cover and a waste of our time. keys to any budget solution, mr. speaker, must be compromise and a seriousness of purpose. americans want to see that seriousness, and they want to see much, much, much less of the political gamesmanship. some of which we'll practice today, unfortunately. republicans and democrats, i believe, in looking
FOX News
Oct 28, 2013 1:00pm PDT
about your health at . >>> as the government shutdown risking pulling the entire economy down, to read the front page of u.s.a. today, the hanover is all here, but jim isn't buying it. the argument is something like this. the debt 26 to 28 billion-dollar to the company, reverberates, stops the yuletide sales, stops us in our tracks. you don't necessarily agree. >> neil, who are they trying to kid? we have seen several months in a row of lousy, barely there jobs numbers there and parttime jobs instead of fulltime jobs. retail sales have been slipping for several months. we have had property, plant and equipment investment disappear over the last two years, even the housing market, the bright spot of the recovery, has been coming off for the last several months. now, several mocks into the slow down, they want us to believe a two-week shutdown because a difference functional washington is going to disrupt the consumer christmas season? it's already been disrupted by bad behavior on the fiscal side, and if you don't believe me, ask the federal reserve word, they're printing
Oct 28, 2013 5:00am EDT
.1%. >> yes. i don't think the euro's strength is every about european economy. it's more about the european similarity with japan. it's five times as big as chinas or japan's. . that's the driver. interest rates and market rates, yes, it's traded 120, 140 for a lot of the last few years. we're at the top end of that rate. >> is there a prospect that we've got -- i've seen this coming up, this q eternity. are we in the land of q eternity? >> it's a fear for a lot of people in the sense that the first attempt at unwinding any qe at all -- >> backed off. >> this is kind of, i don't know, the justification for never giving up, whether it's cigarettes, coffee, or alcohol or whatever it is people don't give up. i'm addicted to this and i'm going to have to keep on going. i think that would be a huge mistake. i think they should have tapered in september. maybe they knew what was going to happen to the politics. they should taper as soon as it's safe, but the only reason for q eternity is if the u.s. economy and the world economy is doomed to a horrible future. i refuse to give into that thought.
Oct 29, 2013 2:00am EDT
, the business of mba. real estate finance, it relies upon our borrowers and the state of the general economy. we live by the business cycle and some companies have died by it. it is the reality of the world we live in. the businesses that survive are nimble enough. mba must be able to do the same. ourl rely on the success of members and must prepare the best we can for the inevitable downside. us, mba has seen its challenges in recent years. through the strong leadership of my predecessors and particular through the strong leadership of my predecessors, and, in ceo,cular, the former nba nbi state -- and the a stabilized. nbi is on the upward trajectory. i want to help accelerate that growth. i want to see nba posses of effectiveness, on display every day in washington dc, spread throughout the country. to the d.c. audience, we are to.ed donovan, richard, ed demarco, elizabeth warren, just to name a few. we have achieved a seat at the table and work hard every day to approve our image. however, the public at large remains skeptical. outside the d.c. elway, we still have much more to do. we must i
FOX Business
Nov 4, 2013 6:00pm EST
, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. it's not for colds, it's not for pain, it's just for sleep. because sleep is a beautiful thing™. zzzquil. the non-habit forming sleep-aid from the makers of nyquil®. ♪ gerri: twitter' ipo could raise more than $2 billion in regular filing. raising plans to sell shares from between assistant to $20 each, planning tning to 70 mills shares. twitter is plans to list the stock under ticker, twtr on new york stock exchange. starting as soon as thursday. >> and we have a panel here to answer question about some. managed mutual funds falling out of favor, calpers switching from managed funds to passive etfs, so far they love it. with us now, steve crowley, scott martin, and jamie cox. steve, what do you tell your kleins t
Oct 30, 2013 12:00pm EDT
they want us to do all we can to protect the economy and support american jobs, not threaten them. this week i introduced h.r. 33 this yvette rans work veteransty -- 3327 the work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same thing. business as usual in washington doesn't help business back home. i couldn't agree more. i urge my colleagues to co-sponsor h.r. 3327 and h.r. 3328 and work civilly to get our economy back on track. thank you. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from oklahoma seek recognition? >> i ask unanimous consent to speak for one minute and revise and extend my remarks. the
Oct 29, 2013 7:00pm EDT
for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems. finally the nasdaq nearing a 13-year high, larry the dow transports and russell 2,000 hits new high, we will do that to the market. back to you. >> there may be more of that easy money on the way, kayla, thanks, so much. now, obama care is taking center stage on capitol hill today the administrator of medicare and medicaid services testified before the house committee on ways an means. for that, we turn to political reporter and cnbc robert costa of the national review. he joins us live from washington. as always, goef, robert. robert, give me a read, all right, i have spoken to chairman fred upton who will be on in a moment. in your political read, what do they want out of sebelius, will they all call for her to be fired? are they going to jump on her? how is this going to work? >> the republicans will grill the secretary on the rollingout of the central portal for obama care. what they're real
FOX Business
Oct 30, 2013 5:00pm EDT
in this economy you have to create your own future, create your own job and your own fortune. what does it costs to get into your franchise got to buy a franchise? what can you expect overtime? >> right now up front 40 and 55 grand, whether they're buying or leasing. that is the up front franchise fee. once they're in it and on their own business and are controlling it you're looking at an average of 100,000 to 150,000 per year. melissa: you are saying that sales are over a million and you'll take, 100,000. >> and the market -- >> 150 if you work the track yourself. there are other people working it, so they're making less money. the first track of 150 because they are working it. melissa: what has been the hardest thing along the way? >> for us, just the growth. it after you go on a shark tank in all the success, so many opportunities. sometimes we get scatterbrained. the worst thing you can do is waste time. after we get on the show we have so many people that wanted to try our food all over the country. we opened up a distribution facility. now we ship product nationwide overnight short to do
Nov 1, 2013 6:00am EDT
in the company's consumer line business. the ceo was on the closing bell yesterday talking about the economy and the broader business environment. >> it was lacking is enough confidence to take risk toes create jobs. i think that's the big issue here. but people are maximizing what they have. they're not doing a lot of new things. so for aig, we continue to grow. we continue to grow across the board, both in the united states and around the world. but it's a matter of our clients are a little bit more cautious. but i don't know that this quarter or next quarter that you'll see any effect on our business materially. >> and stores products retailer container store, they raised $225 million. the ipo was priced at $18 a share, the top end of its increased price range. stairs are set to start trading on the new york stock exchange today under the symbol tcs. >>> microsoft co-founder paul allen's fund is suggesting microsoft spin off its consumer business. this is big news. the man who manages allen's fortune is now suggesting that microsoft search and xbox business res deextracting from the softw
Oct 28, 2013 8:00am EDT
, the spectrum is a taxpayer-owned resource. and we believe it benefits the economy, benefits society as a whole if you have access to that resource in a way that is to the benefit of the consumer. >> recently, at&t agreed to voluntarily work towards interoperability in the 700 megahertz spectrum band which would allow your members' customers to roam on at&t's network and also allow your members to begin building out their lte device portfolio, the if you will. >> guest: right. >> tell us about how this will, how in this will affect your members going forward. is this a good solution at this point in. >> guest: i think it's a very positive solution. i might quibble with you a little on voluntarily made the decision to move forward. i tell you, a lot of credit goes to chairwoman clyburn. i mean, had she not said that there's going to be a solution one way or the other and literally rolled up here sleeves, got in the middle of it, really a display of leadership to find a solution that was business-based solution that would allow these smaller carriers to unleash the spectrum that they had already
Oct 29, 2013 8:00am EDT
that will, quote, stabilize the economy, that undermines our ability. now, i hope that at some point we with will get over this. that definitely makes it more difficult. but, again, it's too important a problem to walk away from. >> good. all the way over here. >> congressman, bear mcconnell, mostly retired. what about domestic use of drones? dod's quite constrained, cbp not so much. what are your thoughts? >> yeah. it's a difficult issue, i will sidestep it slightly by saying that's not my, that's not the topic this morning. [laughter] i'm more focused on the aumf. it's a huge problem, and, you know, we've had that issue. it's not just drone, it's cameras. cameras are proliferating. we have a major controversy in the city of seattle right now that they wanted to put cameras up in the port of seattle. .. >> let's see. how about right in the back. >> thank you. i am a u.s. army colonel retired, and used to teach counterinsurgency working for the interstate traveler helping in michigan now. anyway, i have to say i think it's the most brilliant, lucid, objective description that i've heard
Oct 30, 2013 10:00pm EDT
important thing this committee can do to help grow our economy. and doing it on a timeline that allows the appropriation committee to deliver a result without shutting down the government or putting it at any risk is about the best thing we can do. i will agree we can't simply grow our way out of our problem. we have to address the driver of our debt and deficit. we have to don't reduce our deficits which we've cut in half over the last four years. if we don't, interest intense is a very real threat for crowding out both public and private investment in education r&d and infrastructure. over the last three years we've made real strides in reducing our deficit. we saved more than $12.5 billion. that's been unbalanced. about 70% has been from spending cut. 30% from revenue. we need to do more but we have do it, i believe, in a balanced way. we've heard from senators about the need to modernize the tax code and move toward real tax reform. while the committee can't get it done. we can move in that direction in a substantial way. making a modest cut of only 5% of the trillion dollars a yea
Oct 28, 2013 10:00am EDT
for this country. if it was not for the minds and miners we would not have the economy or the country we have. we would not be the best economy in the world. they give us dependable and affordable energy. the thing i have a hard time here in washington fighting and , making people understand that coal is still part of the mix. the largest part of our energy mix. do not make it more difficult. help me find the technology that would continue to clean up the environment. would've done more in the last two decades than ever before in the history. we can even do more. we like to think we have a partner. in west virginia, our government is working against us. i think they are, too. i am trying to get every door open that i can work with. i'm not going to sit back and not to let them know what we do and how hard we do and how much energy we provide for this country. and some the best coal in the world comes from west virginia. we do not mind heavy lifting. we will do the heavy lifting. we would like for somebody to recognize and appreciate. >> based on all of that, you're been washington for a couple of
Nov 1, 2013 5:30am PDT
the is the sea. a sign that china's economy is stabilizing. official numbers show fact written to the china grows at its fastest pace in eighteen months. and china's largest online marketplace and bought a home debuts on the nyse. in the cloud of uncertainty over time since listing in the last. and the grim picture for the job is to your continuous unemployment yours and remains at high in september. welcome to is a shadow cctv news on baby duty in baking which tata was time as pmi data. china's official day of activity in the spanish section sector for the month of october is out numbers from the national bureau of statistics show that october's my midsection pmi came in at fifty one point full growing at its size toothpaste in eighteen months. don't leave any signs of drivers of the class. nick stevens he joked i have some effect expected to grow at the spa. in eighteen months official figures clock in the country the official pm by fifty one point four fold over higher than the fifty ne and two were expected by the market. a number above fifty indicates expansion and they sa
Nov 4, 2013 2:30pm PST
, which have grown with the economy and rewritten the rules of competition. what are the economic and legal rules these companies live by? what has big business done for and to the consumer? "whatever happened to price competition?" with the help of economic analyst richard gill, we'll examine these questions on this edition of "economics u$a." i'm david schoumacher. there's no business bigger than the auto business. if you've shopped for a car recently, this is a familiar sight. it looks like real competition, a variety of products at a variety of prices. but is what you see what you get? it was when you bought one of henry ford's model ts. henry ford didn't invent the car, and he didn't invent the assembly line, but he brought the two together and gave america its first mass-produced and mass-purchased car. ford was an inventor and mechanic by trade, and no effort was spared to improve the car and to improve the process by which it was built. the tin lizzie looked like the same car year after year, but ford's mechanical genius made it run better each year than the year before. h
Nov 1, 2013 6:30pm PDT
is a competitive market and the concern is if this economy plateaus or doesn't continue growing at the clip it's been growing at, will they have to put more money to goose the sales? >> all right. we'll keep watching. phil, thanks so much. >>> well, it is a new month and on wall street, day one was a good one for stocks. the markets got a big boost from a surprisingly strong read on u.s. manufacturing in october. it rose at the fastest pace in 2.5 years. all major averages avoiding a third consecutive day of loses with stocks rising into the close, the dow up nearly 70 points, nasdaq added two, the s&p 500 was up five. rates on the ten-year treasury note rose steadily all session long closing up at 2.6%. >>> time for the central bank to phaseout the stimulus program. charles plauser said the feds should have begun tapering back at its meeting earlier this week. >> i thought we kind of missed an opportunity to make a small gesture to signal the fact this is a dial we can promove and adt it and fine tune it, if you will. >> he suggested setting a maximum dollar amount instead of sticking to the
Al Jazeera America
Nov 3, 2013 6:30am EST
economy. >> food stamps are a hotly contested issue in the farm bill, a source of controversy since created 75 years ago in the shadow of the great depression. the first food stamp program was a way to brim the gap between struggling city dwellers. participants received stamps to buy the surplus food. president kennedy implemented the program. electronic benefit cards replaced it. officially called the supplementary nutritional issue or snap, it stands at record levels. 48 million americans used them at a cost of $78 million, an average $133 per month. eligibility depends on income level. no alcohol, cigarettes or hot food. what they do supply is an overall boost to the any. >> for every dloor spent through today stamps you generated $0.75 in the rest of the economy of. of all the things lawmakers could do, one like now when unemployment is high, nothing is more or has a bigger bang for the buck than the food stamps. >> united states secretary of agriculture says the cuts affect for man programmed resip yets. farmers receive some of the money. >> economists say grocery stoors, food
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